Sy-Sikasso-01223 Group

The "Danaya" group is composed of 4 married women with an average age of 37 years and on average 3 children, who live in polygamous families in the town of Sikasso. This will be their twelfth loan from the Soro Yiriwaso microfinance institution and they are requesting it in order to be able to invest in their businesses so that they can satisfy customer demand. All their previous loans have been fully repaid. The 4 women are all active in different areas including food, clothing and the supply of various services.

Ami, wearing the navy blue dress, sells fish. She will use her part of the loan to buy 60 kgs of fish (25 kgs of fresh fish and 35 kgs of smoked fish). She gets her supplies in the Grand Market of Sikasso and, together with her family, resells them from a fixed location at the Hamdallaye market in Sikasso, for cash. She predicts an average monthly profit of 40 000 francs, some of which she will use to repay her loan, the rest of which she plans to save. She would like to increase her revenues so that she can re-invest in her business and increase her level of customer service.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.